(International Payment)

The ApPello funds transfer module provides a wholly automatic handling of the Bank's currency transfers, conversions and regular international transfers. The application can be attached to the Bank's integrated system.

Transaction types

Transaction types form the basis of the system where transaction parameters can be defined. In transaction types the input fields, mandatory fields and invisible fields can also be defined. The module uses fee types defined in transaction types to determine the transfer fee. Any number of transaction types can be defined in the system.

In case of a conversion transfer the system calculates the amount to be paid and transferred according to an exchange rate given in a transaction type. The system automatically handles the currency mid-rates and individual conditions.

Transaction processing support

The funds transfer module supports all steps of transaction processing.

There are two surfaces available for the user to enter a transaction: one can be used in a simplified front office system; the other is a complex back office surface displaying all input data. When closing the entry of transactions the system automatically completes data entered on a simplified surface meaning that further processing of transactions occurs on a complex back office surface. In addition to manual recording the system also supports the handling of items arriving in an electronic format.

Coverage handling

When entering the transaction the coverage check is automatically run. In this case the system only provides information about the transaction as the final coverage accrual process occurs at validation based on the actual exchange rate and coverage data.

At every exchange rate change the system automatically checks the available coverage (with a supervisor's intervention the execution of the transaction can occur without coverage checking or revaluation). If there is a coverage amount remaining at the execution of the transaction the system automatically reposts it onto the debited account.

Commission handling

The system has a separate commission definition. The type of fee to be used in case of a transaction can be defined in the transaction types. The calculation of appropriate fees occurs when entering the transaction, but it is only deducted from the dedicated client's account at approval.

Handling of regular transfers

The system automatically handles regular transfers. In case of regular transfers the starting and end date or the daily period can be freely defined. The system - by monitoring banking working days - performs the necessary operations on the actual value day. Similarly to individual transfers, prior to generation the checking of coverage occurs.

Other functions

• Queuing of non-covered items
• Value date transaction roll